Mufg Securities Canada LTD. Sells 678,355 Shares of Pembina Pipeline Co. (NYSE:PBA)

Mufg Securities Canada LTD. decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 43.3% during the 4th quarter, Holdings Channel reports. The fund owned 886,490 shares of the pipeline company’s stock after selling 678,355 shares during the quarter. Pembina Pipeline accounts for about 1.2% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 25th biggest holding. Mufg Securities Canada LTD.’s holdings in Pembina Pipeline were worth $32,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PBA. Natixis Advisors LLC grew its holdings in shares of Pembina Pipeline by 19.2% in the 3rd quarter. Natixis Advisors LLC now owns 33,232 shares of the pipeline company’s stock valued at $1,370,000 after buying an additional 5,360 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Pembina Pipeline by 8.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,507,356 shares of the pipeline company’s stock worth $62,201,000 after purchasing an additional 121,005 shares during the period. Cerity Partners LLC raised its position in shares of Pembina Pipeline by 60.1% during the third quarter. Cerity Partners LLC now owns 32,186 shares of the pipeline company’s stock worth $1,327,000 after purchasing an additional 12,081 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Pembina Pipeline by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 273 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Pembina Pipeline by 67.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 541 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Stock Down 0.0 %

Shares of PBA stock opened at $40.10 on Wednesday. The firm’s fifty day moving average price is $37.43 and its two-hundred day moving average price is $39.30. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $23.28 billion, a P/E ratio of 16.57 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.77%. Pembina Pipeline’s payout ratio is presently 86.76%.

Pembina Pipeline Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.